Heard from multiple sources that HL is laying off analysts in some of the groups firmwide. Can someone confirm this? Would imagine that the M&A practice is taking a heavy hit over the past couple months Any insight would be great
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I'd be shocked. They just announced Q4 earnings and revenues that topped expectations and have a restructuring practice that is intended to assist in riding out market volatility.
Yup, probably one of the last firms I'd expect to cut. You don't cut analysts out of certain groups that aren't doing well when other groups are making up the slack, generally. You may cut a senior or two but things have to be pretty drastic to start laying off analysts who aren't poor performers.
this HL notion was in that other thread too. please elaborate on “multiple sources” here. disinformation like this is super bad in times like these.
there’s gotta be at least one dude on WSO that actually works at HL that can confirm/deny this firsthand
I work in the CF division of HL. I have not heard personally of any analysts in CF being laid off. Obviously there are many offices but I feel like I would have heard something through the grape vine.
The only MM I have heard of having layoffs to date is Cantor. I would like to think that given our strong FR group we should be okay.
About a month ago we were told that our bonuses would not be significantly impacted so I took that as a positive sign.
The sources are Current Analysts in the firm. Both in New York and Chicago
Well a quick online search shows that they have quite a few openings across their offices. Interesting to reconcile current openings and performance with your sources.